Australia’s anti-money laundering watchdog AUSTRAC will continue to place a heavy focus on the gambling industry and won’t be cautious in taking action against companies that fail comply with their obligations, CEO Brendan Thomas has promised.
During a Keynote Address on the final day of the Regulating the Game conference in Sydney on Thursday, Thomas said it still has a lot of “activities” around the gambling industry in the works, even as it looks to conclude long-running actions against casino operator Star Entertainment Group and online operator Entain for various compliance failures.
More importantly, he promised that although AUSTRAC will work with industry to achieve appropriate outcomes, its patience has limits.
